Policy loan


 

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Policy loan

A loan granted by a life assurance company to a policyholder. The extent of the loan is based on a percentage of the surrender value (typically up to 90%) of a whole life or endowment policy.

Policy loan

A loan often made at a below-market interest rate from an insurance company to a policyholder that is secured by the cash surrender value of a life insurance policy.



Policy loan

Similar Matches

Fiscal policy

Fiscal policy

The use of spending and taxation by the government in order to achieve its economic objectives. Put simply, higher taxation reduces people's disposable income, and suppresses spending which is supposed to make inflation less likely.


Traditional view (of dividend policy)

Traditional view (of dividend policy)

An argument that, "within reason," investors prefer higher investors to lower dividends because the dividend is sure but future investors are uncertain.


Results-based trade policy

Results-based trade policy

The use of trade policies targeted to specific indicators of economic performance. For example, in the early 1990s, the U.S. insisted on achieving specified market shares in trade with Japan.


Traded endowment policy (Tep)

Traded endowment policy (Tep)

Another name for Second-Hand Endowment Policy (Shep).


Policyholder loan bonds

Policyholder loan bonds

Packaged loans acquired by policyholders that are secured by the cash surrender value of the policies, and are offered by a broke../../finance-glossary/dealer as bonds.


Further Suggestions

Policy asset allocation
Monetary policy
Regional policy
Loan Policy
Bank Letter of Credit Policy
Tax differential view (of dividend policy)
Perfect market view (of dividend policy)
Accommodative monetary policy
Fiscal policy
Group Universal Life Policy (GULP)
Section 226 policy
Open Policy
Umbrella policy
valued policy
Industrial policy
National tax policy
Life insurance policy
Blanket insurance policy
Insurance policy
Strategic trade policy argument for a tariff
paid up policy
fully paid policy
Homeowners insurance policy
Fiscal policy
Commercial policy


 
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